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MI SR0097
Resolution
AI Summary
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Memorialize Congress to enact legislation requiring Harbor Maintenance Trust Fund revenues be used exclusively for dredging, infrastructure, operation, and maintenance of federally-authorized ports, harbors, and waterways
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Shippers and importers pay over $1 billion annually in federal harbor maintenance taxes, with approximately $1.5 billion collected in the referenced year but only $758 million allocated for dredging
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The Harbor Maintenance Trust Fund maintains a nearly $6 billion balance while dredging needs remain unmet, forcing shippers to operate inefficiently and carry lighter loads, costing them millions annually
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Current federal budget practices divert harbor maintenance tax revenues to other portions of the federal budget rather than their intended purpose, breaking promises to taxpayers and hindering economic recovery
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Direct copies of the resolution to the President of the United States Senate, Speaker of the United States House of Representatives, and Michigan's congressional delegation
Legislative Description
A resolution to memorialize the Congress of the United States to enact legislation to ensure that amounts credited to the Harbor Maintenance Trust Fund are used solely for the dredging, infrastructure, operation, and maintenance of federally authorized ports, harbors, and waterways.
Harbor Maintenance Trust Fund
Last Action
Adopted As Substituted S-1
2/21/2012